If Wang Wenyang is a scholar, he does not have the stereotype of a normal scholar; If Wang Wenyang is a businessman, he is not as cunning as an ordinary businessman. Wang Wenyang is a man who perfectly combines the intellectuality of scholars with the enterprising spirit of businessmen.
Wang Yongqing left a huge legacy without a will, which paved the way for his eldest son Wang Wenyang to return to Formosa Plastics Group. It is estimated that Wang Wenyang will probably master the stock legacy of 74 billion yuan (NTD, the same below), which will increase some opportunities for Wang Wenyang to return to Formosa Plastics.
Wang Yongqing, who died suddenly in the United States without a will, unexpectedly opened the door for Wang Wenyang, the eldest son who left Formosa Plastics Group for more than ten years. It is widely estimated that Formosa Plastics Sambo Holdings, which can be seen from the books, has a market value of over 57 billion yuan based on the stock price on the day of Wang Yongqing's death on June 10, 2008.
As for the two overseas investment companies, Wanshun International and Qinshi International, which control a large number of shares in Formosa Plastics, South Asia and Taihua, it is reported that Taihua was established by Wang Yongqing and Wang Yongzai at the beginning of that year. Assuming that Wang Yongqing holds half of the shares, the 66.3 billion yuan of stock assets held by these two overseas investment companies, the assets that the survivors can inherit will also reach about 33.2 billion yuan. Therefore, just the stock legacy, Wang Yongqing left as much as 90.2 billion yuan, which is an extremely amazing figure.
As for whether Wang Wenyang can return to Formosa Plastics Group because of his father's stock legacy, only from the stock left by Wang Yongqing, Wang Wenyang has almost mastered the absolute advantage.
In fact, Wang Wenyang has been planning this step for a long time. As early as the day the news of Wang Yongqing's death came out, this accurate calculation began to take shape.
A chance of winning/a big house to adopt a son/a reasonable grasp of the inheritance
On the morning of June 65438+1October 65438+July 2008, Wang Yongqing's body was transported back to China from the United States. Among the family members who greeted the body at the airport, the picture of Wang Wenyang crying was impressive.
Later, at the farewell ceremony in Wang Yongqing, I saw Wang Wenyang's hands firmly pushing the wheelchairs of Wang Yongqing and Guo Yuelan, who rarely appeared in public.
After Wang Yongqing lived with Fannie and Freddie successively, Guo Yuelan's later life was taken care of by Yuan Pei Chen Jingwen of Wang Wenyang. What is unknown to the outside world is that Wang Wenyang has already been adopted by Guo Yuelan. Therefore, at Wang Yongqing's farewell ceremony, Wang Wenyang will accompany Guo Yuelan.
However, after being confirmed by the Wangs that Wang Yongqing did not leave a will, the outside world is more concerned about whether Guo Yuelan can get half of Wang Yongqing's legacy according to law, and Wang Wenyang, as Guo Yuelan's only adopted son, will naturally master this part of Guo Yuelan's legacy in the future.
Guo Yuelan's equity assets alone are as high as 45 1 100 million yuan because they are not taxed. Together with Wang Wenyang's five children in Fannie and Freddie, and the stock assets he claimed to have taken care of for eight people including Roche's three brothers and sisters, the total amount rushed to 74 billion yuan.
That is to say, under the most successful circumstances, Wang Wenyang can master 82% of the stock inheritance behind Wang Yongqing, while his three-bedroom and five-bedroom children can only master 18%. Wang Wenyang can master the proportion of far more than three bedrooms, which also makes him invincible.
If we use the simplest calculation method, taking Formosa Plastics' South Asia as an example, Wang Yongqing left behind 5.46% of the shares, and Wang Wenyang could hold 4.47% of the shares by combining the strength of Dafang, Fannie and Freddie. If half of Wang Yongqing's shares in two overseas investment companies are added, Wang Wenyang will hold 7.43% of the shares. The same will happen to Formosa Plastics and Formosa Plastics. At this time, it is not difficult for Wang Wenyang to win the directorships of the two companies.
However, there is one more variable to note. According to Guo Zongming, an accountant of Zicheng Certified Public Accountants, who specializes in inheritance tax, Wang Yongqing has multiple marriages. According to the regulations, "unless Yuan has a marriage revoked by the court, and the second and third rooms can prove that a public sacrifice ceremony was held in that year, the second and third rooms can participate in the claim for the difference between the husband and wife's remaining property and can share half of the inheritance."
The probability of winning two/playing the four-room female card/diluting the inheritance ratio of three rooms
Wang Yongqing's second wife, Yang Jiao, and Wang Yongqing's third wife, Li Baozhu, have been with Wang Yongqing for more than 40 years, especially the clever and capable third wife, Li Baozhu. They will never give up the right to distribute their inheritance. In addition, Guo Yuelan, namely Yuan Pei, did not come forward to ask for the dissolution of the marriage relationship between the second wife and the third wife. If they can prove that they held a public ceremony when they were with Wang Yongqing, they can participate in the distribution of their spouses' share of the estate according to law.
However, according to people in the legal profession, since it has been 40 years, and most of the little wives were low-key, whether to entertain guests or not is a problem. If the banquet cannot be proved, the second wife and the third wife cannot participate in the distribution.
However, even if this variable appears, Wang Wenyang has a contingency plan. 165438+108, Wang Yongqing's farewell ceremony was very sad, but the competition was secretly planned.
Within a week after the farewell ceremony, the Wangs and Formosa Plastics Group received a deposit letter from lawyer Xu, which turned out to be three girls, such as Tan Yuan, who had never been exposed before, asking their ancestors to return to their ancestral home. In addition, Roche's three brothers and sisters are constantly releasing their dissatisfaction that they want to attend the farewell ceremony in Wang Yongqing. This news has become the focus of media attention because the children of the Wang family are increasingly competing for production.
In fact, the existence of Roche's three brothers and sisters has long been a secret known to the whole Wang family, but it can't be said publicly. Senior employees of Formosa Plastics know that Sanniang Li Baozhu has complained to her friends many times that "everything should be given"; "They" in Li Baozhu's speech refers to Roche brothers and sisters.
Among them, Luo was a South Asian employee in his early years and later became a distributor of Formosa Plastics petrochemical raw materials. According to Wang Jiayou, "As long as they order, Formosa Plastics will double the delivery to them and let them sell the extra petrochemical raw materials themselves, which is also a kind of care for them."
Even Wang Wenyang attended a seminar a few days ago. When asked by the media, he said that the Roche brothers and sisters "should be true (referring to children in Wang Yongqing)." Wang Wenyang also stressed, "If it is true, we will take good care of them."
From the appearance of Roche brothers and sisters after Wang Yongqing's death and their subtle interaction with Wang Wenyang, we can see the mutually beneficial relationship between them. One of the signs is that Xu Yu, the lawyer appointed by the Roche brothers and sisters, has long known each other.
Looking up the judgment records of the Taipei District Court, it is found that as early as 2005, Xu was the appointed lawyer to sue a certain media, and he was closely related to the Li Yongran United Law Firm to which Xu belonged. Therefore, it is reasonable to speculate that Wang Wenyang may have known in advance that the Roche brothers and sisters requested to return to their ancestral homes, and there was a saying that "they would be well taken care of".
Wang Wenyang should not find more brothers and sisters to share the inheritance for no reason. Unless, such a situation is beneficial to the rights and interests between him and San Niang.
According to people in the legal profession, although the law does not explicitly stipulate whether children born out of wedlock have the right of inheritance, in terms of legal practice, some judges only need to use DNA to confirm the children of the decedent, while others need children born out of wedlock to prove the fact that they have been raised. For Roche brothers and sisters, according to the current relevant information, the possibility of conformity is extremely high.
According to lawyer Xu, there is no record of Roche brothers and sisters being adopted by their stepfather, Mr. Luo. Therefore, once Roche brothers and sisters are recognized as Wang Yongqing's children, they naturally have the right to inherit. This is a great advantage for Wang Wenyang, at least in front of San Niang's pulse condition; Because once the Roche brothers and sisters can participate in the distribution of the inheritance, although it will dilute the inheritance distributed to each child, it will have a greater impact on the third room than the second room. If Roche brothers and sisters support Wang Wenyang, it will be another boost for him to return to Formosa Plastics Group.
In this case, assuming that Dawu, Fannie and Freddie's children and Roche's three brothers and sisters are willing to fully support Wang Wenyang, Wang Wenyang can master 33% of Wang Yuelan and Yang Jiao's * * * heritage, and Wang Wenyang can master 65.3% of Wang Yongqing's heritage. Li Baozhu, who has three families and five children, can master 34.7%.
Whether Fannie and Freddie can prove the marriage relationship in those days, in fact, Wang Wenyang got the ticket to return to Formosa Plastics Group. If Wang Wenyang wants to return to Formosa Plastics Group and master these shares, it will be a good bargaining chip. What kind of position he wants may make the layout of the second generation successors of Formosa Plastics Kingdom in the future, and also become a headache for Wang Yongzai and San Niang.
Chance of success 3/ Return to Formosa Plastics to pave the way/Fannie Mae and Freddie Mac release the message of unity
In fact, from the signs after Wang Yongqing's death, we can clearly know that Wang Wenyang Fannie and Freddie have a strong desire to join Formosa Plastics Group, which is not difficult to understand. Wang Wenyang would never just want to split the money. What he really wants is to return to Formosa Plastics Group and have the right to make business decisions.
If you haven't forgotten, you should remember that shortly after Wang Yongqing returned to Taiwan, Yang Jiao, the second wife, broke the silence for the first time to express her affection and nostalgia for Wang Yongqing. It is understood that in the first few days after Wang Yongqing's death, children of Fannie Mae and Freddie Mac held family meetings almost every day to discuss the future use of their inheritance. Among them, Wang Xuehong, the daughter of Fannie and Freddie, once said that she often discussed with Ruihua and Wang Ruiyu, the queens of Fannie and Freddie, whether she could enter the foundation to help in the future.
Later, from the end of 10 to the beginning of 1 1 0, Wang Wenxiang and Wang Xueling, the children of Fannie and Freddie, were interviewed by the media to convey their great memory of their father, especially Wang Wenxiang, who strongly questioned the existing seven-member team succession system of Formosa Plastics Group. He believes that "it is not excluded to enter the group in the future, not just as a director, but as a professional manager, in order to truly understand the operating conditions of the group."
These remarks in the media may not all be inspired by Wang Wenyang, but at least they express the attitude of the five children of Fannie Mae and Freddie Mac to the right of management and inheritance, and convey the message that they will unite in the future. For Wang Wenyang, the eldest son, if he wants to return to Formosa Plastics Group in the future and regain the management right of the group, there will be positive benefits.
The premise of the above calculation is that the five children of Fannie Mae and Freddie Mac are unwilling to donate their inheritance to the two foundations or charitable trusts established by Wang Yongqing before his death. Although Wang Wenxiang, Wang Xueling and Wang Xuehong all expressed their willingness to donate their heritage to the Foundation, their purpose was to help the Foundation and Chang Gung Memorial Hospital. However, this may be just the wishful thinking of the children in the second room.
For foundations, three rooms are the main ones at present. Even if Fannie Mae and Freddie Mac donate their legacy to the foundation, it is a big question whether Fannie Mae and Freddie Mac are willing to hand over the foundation to show their strength. In fact, San Niang has always wanted to master the foundation of huge assets. According to a friend close to the Wangs, before her death, Sanniang suggested that the post of chairman of the development company, which belongs to the foundation and runs Chang Gung Stadium, be handed over to the old minister Yang. At that time, Wang Yongzai flew into a rage after learning the news.
I didn't expect Wang Yongqing to die soon, and San Niang immediately withdrew her hand, afraid to write on this matter again, because San Niang knew that although Wang Yongqing left a huge legacy after his death, Sanfang was isolated, and they still had to maintain close and good cooperative relations with Wang Yongzai to ensure the future interests of Sanfang.
However, judging from San Niang's attempt to grasp the attitude of the foundation, even if the children of Fannie and Freddie donate their inheritance to the foundation, San Niang is unlikely to let Fannie and Freddie go. Therefore, even if Fannie Mae and Freddie Mac want to donate their inheritance, it is not easy to achieve the goal of governing the foundation. Whether such donations are effective or not must be the focus of the president's assessment for their children.
Take Chang Gung Memorial Hospital as an example. Even if the children of Fannie and Freddie donate their inheritance to Chang Gung Memorial Hospital, it will only increase Chang Gung Memorial Hospital's shareholding in Formosa Plastics Group, but the most they can get is a director vacated after Wang Yongzai took over as the chairman of Chang Gung Memorial Hospital. According to the senior management of Chang Gung Memorial Hospital, "Who will be the director? The Wangs want to find Joe by themselves. Even if the children of the Second Hospital come in to balance the terror, the failure of the Second Hospital will not affect the normal operation of the hospital and the supervision of Formosa Plastics Group. "
The implication is that even if Fannie and Freddie come in, it will not shake the existing system of Chang Gung Memorial Hospital and Formosa Plastics Group. Therefore, whether to donate to Chang Gung Memorial Hospital or not, the children in Fannie and Freddie have to weigh again and again. Moreover, even if the children of Fannie Mae and Freddie Mac wanted to join the board of directors, the senior official said rudely: "The most unsuitable person is Wang Wenyang, because he has bad finances and doesn't want him to come in and spoil the situation."
Variable 1/ Wang Wenyang is in poor financial condition/unable to gain the trust of his family.
Therefore, one of the variables of whether Wang Wenyang can return to Formosa Plastics Group is his poor personal financial credit. In July 2007, Hong Zhong Xingye, a subsidiary of Wang Wenyang Hongren Group, closed down, and accumulated debts to the banking group exceeded 654.38+07 billion yuan. At that time, although Wang Wenyang tried his best to clean up the relationship with Hong Zhong Xingye, Wang Wenyang was still the joint guarantor of the loan of Hong Zhong Xingye, and was asked by the creditor bank to pay off the secured debt of more than 50 million yuan.
At the end of the year before last, the creditor bank checked the assets under Wang Wenyang's name and found that Wang Wenyang had 654.38+08 billion yuan of shares in Formosa Plastics, South Asia and Taihua, and specially went to the comprehensive management office of Formosa Plastics Group to prepare to seal up the assets. However, according to an insider of Formosa Plastics, when the creditor bank came to seize the shares, it had already been taken away, and it is unknown whether it was taken to the centralized market for punishment. However, it is understood that Uncle Wang Yongzai pays the debt.
Last year, Wang Wenyang planned to cut off eight companies under the Hongren Group and let four plastic-related companies with better operating conditions go public first. However, according to the broker, Wang Wenyang has found many underwriters, and the economy is not good. In addition, no one knows Wang Wenyang's financial situation, so no one wants to take this underwriting case, and Hongren's listing is in the foreseeable future.
Therefore, after Wang Yongqing's death, Wang Wenyang kept playing tricks, which was interpreted by the outside world as trying to force Li Baozhu, the closest mother to Wang Yongqing in her later years, to publish the unknown property list of Wang Yongqing. However, according to a friend close to San Niang, San Niang was unmoved by these actions and even said to her friends, "Before Wang Yongqing died, a trust fund was set up for these children, and part of the expenses in Wang Wenyang were paid by the trust fund at home." Even, "Even Wang Wenxiang has overseas trust funds, and I don't know why I want to talk to the media like this."
In fact, it is reported that Wang Yongqing gave his nine children at least 2 billion yuan in cash and stock after handing over baseball in June 2006. However, gift before death and inheritance are two different things and cannot be confused.
Variant 2/ Maintain the status quo/Best for Wang Yongzai.
According to the Inheritance and Gift Tax Law, after Wang Yongqing's death, he must declare the inheritance tax within six months, which can be extended for up to three months. In view of the complexity of Wang Yongqing's inheritance distribution, we didn't meet at the earliest until mid-July 2009. However, among the four treasures of Formosa Plastics in June 2009, Formosa Plastics, Formosa Plastics and Formosa Plastics Petrochemical will all be re-elected as directors and supervisors. Even if Wang Wenyang can successfully master the above-mentioned equity, it can't catch up with the re-election of directors and supervisors of Sambo in 2009. The most likely target should be South Asia, where directors and supervisors will be re-elected next year.
As far as Wang Wenyang's personality is concerned, even if he can choose a director, he is only a polished director with no real power. This is not a return to Formosa Plastics Group. However, if he really wants to occupy a place in South Asia, he has to get Wang Yongzai, the only spiritual leader of Formosa Plastics Group, to nod.
In order to maintain the sustainable operation of Formosa Plastics Group, Wang Yongqing and Wang Yongzai have designed an extremely complicated cross-shareholding relationship. Not only do major companies cross-hold shares with each other, but the biggest holding core of Formosa Plastics Group is Chang Gung Hospital. Wang Yongzai has become the chairman of Chang Gung Memorial Hospital. Although he may not be able to intervene in the operation of Chang Gung Memorial Hospital, at least the management right and ownership of Formosa Plastics Group will not be controlled by others.
Assuming that Wang Wenyang really wins the South Asia presidency, although it will not affect the status of Wang Yongzai's sons Wang Wenyuan (President of Formosa Plastics Group and Chairman of Formosa Plastics) and Wang Wenchao (Chairman of Formosa Plastics Petrochemical), it is possible to enter a seven-member team. Because of Wang Wenyang's outspoken character, he has accumulated a lot of feelings with San Niang's daughters in the past, and he has also publicly expressed his dissatisfaction with his father Wang Yongqing. Besides, in the past, he was on an equal footing with Wang Wenyuan. Is he willing to respect Wang Wenyuan's leadership?
On the other hand, Wang Yongzai and San Niang tried to prevent Wang Wenyang from entering the decision-making core, so that Wang Wenyang could at least enter the board of directors and have the right to speak, which would inevitably put pressure on the operation of Formosa Plastics Group. These are the main points that Wang Yongzai must carefully consider over and over again.
Although Wang Yongqing's death has opened a way for Wang Wenyang to return to Formosa Plastics Group, there are still many challenges on the way for Wang Wenyang to return to Formosa Plastics Group. It depends on whether Wang Wenyang lowers himself, maintains a good interactive relationship with Wang Yongzai and San Niang, and does not excessively challenge the existing power structure, so that unexpected results may occur; Otherwise, everyone's war will only leave an embarrassing situation for Wang Yongqing, the "God of Management" who has worked hard all his life. This must be the last thing Formosa Plastics executives and members of the Wang family want to see.